GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
Montenegro to buy part of transmission network from Krnovo wind farm
The Government of Montenegro has decided to purchase a part of the power transmission infrastructure which France’s Akuo Energy has built for its Krnovo wind farm. A European Union grant of EUR 5.8 million has been secured for the transaction. The 110/35 kV Brezna substation with a connection to the existing Nikšić-Brezna transmission line, as […]
DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
UAE’s Masdar signs deal to invest in Montenegro wind farm Krnovo
Masdar, Abu Dhabi-based renewable energy company has signed a share purchase agreement with Akuo Energy, the leading French IPP in renewable energy, to enter into Krnovo wind farm in Montenegro, which is on stream since November 2017. Both sides announced that under the agreement, Masdar will acquire 49% of Krnovo Green Energy. The agreement was signed […]
Update: EBRD, IFC finance wind farm Čibuk 1 of 158.4 MW
Vetroelektrane Balkana d.o.o. secured a credit line worth EUR 215 million for its Čibuk 1 wind power plant, most of which is planned to be built in the Kovin municipality, less than fifty kilometres northeast of the centre of Belgrade. The facility of General Electric Co.’s 57 turbines in the area of villages of Mramorak and Dolovo […]
Research of renewable energy in cooperation with the UAE’s Masdar Institute
Ministry of Mining and Energy called on Serbian scientific research institutions to apply for joint renewable energy projects with Masdar Institute from the United Arab Emirates, owned by Abu Dhabi Future Energy Company. All applications received by March 27 are to be sent to Masdar Institute for consideration. The cooperation, based on a memorandum from […]
